Silgan Holdings Inc’s recent filing unveils that its Director ALLOTT ANTHONY J unloaded Company’s shares for reported $5.3 million on Nov 18 ’24. In the deal valued at $53.91 per share,98,394 shares were sold. As a result of this transaction, ALLOTT ANTHONY J now holds 456,812 shares worth roughly $24.8 million.
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Then, ALLOTT ANTHONY J bought 98,394 shares, generating $5,424,461 in total proceeds.
Before that, McGrath Stacey J. sold 1,600 shares. Silgan Holdings Inc shares valued at $78,457 were divested by the Vice President, Tax at a price of $49.04 per share. As a result of the transaction, McGrath Stacey J. now holds 11,495 shares, worth roughly $0.62 million.
JP Morgan upgraded its Silgan Holdings Inc [SLGN] rating to a Neutral from a an Underweight in a research note published on August 01, 2024; the price target was increased to $53 from $46. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. Citigroup also remained covering SLGN and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of SLGN
On Tuesday, Silgan Holdings Inc [NYSE:SLGN] saw its stock jump 0.17% to $54.29. Over the last five days, the stock has lost -0.42%. Silgan Holdings Inc shares have risen nearly 19.98% since the year began. Nevertheless, the stocks have risen 28.77% over the past one year. While a 52-week high of $55.32 was reached on 11/13/24, a 52-week low of $40.88 was recorded on 07/05/24. SMA at 50 days reached $51.96, while 200 days put it at $47.86.
Levels Of Support And Resistance For SLGN Stock
The 24-hour chart illustrates a support level at 53.77, which if violated will result in even more drops to 53.25. On the upside, there is a resistance level at 54.79. A further resistance level may holdings at 55.29. The Relative Strength Index (RSI) on the 14-day chart is 60.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.14%. Stochastics %K at 72.90% indicates the stock is a holding.
How much short interest is there in Silgan Holdings Inc?
A steep rise in short interest was recorded in Silgan Holdings Inc stocks on 2024-10-31, growing by 0.28 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.61 million shares. There was a rise of 14.87%, which implies that there is a positive sentiment for the stock.
